Steel and aluminium tariffs disrupt the farm equipment market.
The demand for new equipment is highly dependent on the health of the agricultural economy.
Milk consumption trends support growth in dairy revenues while producers’ margins continue to be pressured.
Strength of demand for Canadian red meats will sustain profitability as 2018 winds down, with both supply and production likely to expand in the second half of the year.
As uncertainty plagues global markets, our July Crop Outlook shows that Canadian corn, canola, green pea and soybean production should remain profitable in 2018.
Strong crop prices will be needed to keep crop receipts growing in 2018 from the excellent levels recorded in 2017. Production looks to be shaping up for a good year.
Wondering why the local grain bids seem to change so frequently? The combined impact of global trends and local supply and demand conditions determine producer crop prices.
Low stocks-to-use ratios generally trigger volatility in crop prices.
The stocks-to-use ratio is a power statistic to understand demand and supply factors that impact crops.
Canadian farmland values trended upward in 2017 driven by the expansion plans of producers and limited amount of land available for sale. For more, see the 2017 FCC Farmland Values Report.